St. Julians, Malta
Dragonara Business Centre, Office 506, Dragonara Road,
Paceville, St Julian’s, STJ 3141 Malta
+356 (277) 811-04
Vienna, Austria
Doblhoffgasse 9, 1010
+43 (650) 540-49-79
All offices
Turkey Citizenship by Investment

Turkey
Citizenship

travelling and going on business trips
to 100+ countries without visas

Download the guide Calculate the cost
$400,000+
Investment amount
6—8 months
Obtaining period
3 years
Investment return

The Turkish citizenship by investment program is one of the most popular ones among investors.

Cosmopolitans can obtain second citizenship by investing $400,000+ in the country’s economy. There are five options available: purchase of real estate or units of an investment fund or bonds, participation in the share capital of a Turkish company, and opening of a deposit in a Turkish bank.

The purchase of real estate is the most demanded option. Real estate prices grow by 15 to 25% per year in Turkey. As a result, home sales to investors grew by 43.5% in 2021.

Family members such as a spouse and children can get second citizenship in Turkey along with the investor.

Benefits of Turkey citizenship

1
Travel to the Schengen area

Citizens of Turkey can get a C-2 Schengen visa for 5 years. The visa allows citizens to stay in the Schengen countries for up to 90 days out of 180.

2
Visa-free entry to 100+ countries

Holders of the Turkish passport visit 110 countries without a visa: they freely enter Singapore, South Korea and other countries.

3
“Safe haven”

Investors can go to Turkey at any time, even if the borders are closed. It is crucial in case of an emergency: a political crisis, epidemic, or threat to the safety of family members.

The second citizenship gives the right to live, work, study and run a business in Turkey without restrictions.

4
E-2 business visa to the USA

Turkish citizens can get an E-2 visa, allowing investors and their families to live and work in the USA. The investor opens or buys a business in the USA to get a visa. The minimum investment sum is not defined, but applicants usually invest $100,000+ in a business project.

5
Tourist visa to the USA

Investors with Turkey citizenship can get a В-1/В-2 visa to the USA. They apply and pass an interview in US consulates in Turkey, e.g. in Istanbul or Ankara.

6
Prospect of investment return

An investor can return the money three years after obtaining citizenship in Turkey — by selling the investment real estate. There are no sale restrictions.

Get maximum information about the process

  • Step by step procedure
  • Requirements for applicants
  • Required documents
  • Answers to frequently asked questions
Download the guide
PDF, 36 pages, 12 MB

Who can get Turkish citizenship?

Investor
  • Over 18 years old
  • No criminal record or prosecution
  • No serious illnesses
  • Capable of confirming the legality of the income
Spouse
Children

Under 18

Investment options for Turkey citizenship

The Turkish program offers five investment options:
1. Purchase of real estate — $400,000+
2. Business investments — $500,000+
3. Bank deposit — $500,000+
4. Purchase of government bonds — $500,000+
5. Purchase of units in an investment fund — $500,000+

Under the Turkish Citizenship Law, the investment sum is set in US dollars due to the volatility of the national currency.

1 option

Real estate purchase

$400,000+

95% of investors choose real estate purchases because prices grow by 15 to 25% every year in the Turkish real estate market. Over the past two years, the cost of apartments in US dollars has doubled.

Investors can purchase housing or commercial facilities, land, or a share in a real estate project. After three years, the object can be sold to anyone, not necessarily to an investor who also wants to participate in the Turkish citizenship program.

The investment amount doesn’t depend on the investor’s family composition.

Investor
Purchase of real estate $400,000
Related taxes and fees $14,000+
Government fees under the citizenship program $574 per each family member
2 option

Business investments

$500,000+

Investments are made in the capital stock of a Turkish company. Another option is to open your own company, which will create at least 50 jobs. After three years, the investor can sell his share in the business.

3 option

Deposit in a Turkish bank

$500,000+

The investor can withdraw funds from the account three years later.

4 option

Purchase of units
in an investment fund

$500,000+

The investor can sell the units three years later. During ownership, the investor receives passive income.

5 option

Purchase of government bonds

$500,000+

The investor can sell the bonds three years later.

Individual calculation of the cost of Turkish citizenship

Get an individual calculation for your family with all associated costs and government fees

Get the cost calculation
We will send you a quote by email within 1 hour.

Property example under the Turkey citizenship by investment program

Investors can buy apartments, villas, plots of land, and shares in real estate projects.

Sea view apartments in a luxury residential project

A sea view apartment in Izmir is worth $645,000. The area is 236 m², and the condo has three bedrooms and two bathrooms. The distance to the sea is 1 km on foot.

There is a pool and a terrace on the roof of the residential complex.

Parks, public transport stops and major highways are nearby the complex.

Read more
3 years
Investment return
4—5%
Rental yield per year
New property
First sale
Selection of real estate

Individual selection
of properties
for investment

  • Discuss your tasks and goals
  • Choose between properties from reliable developers
  • Get fully prepared and verified documents for a purchase
Natalia Oganesyan
Real Estate Chief
Operations Officer,
RICS certified professional
Schedule a meeting
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Step-by-step procedure for obtaining Turkey citizenship

1 day Preliminary Due Diligence

Preliminary Due Diligence

1 day

Immigrant Invest conducts its own preliminary Due Diligence to prepare for citizenship by investment unit check. The initial Due Diligence helps to identify rejection risks and find a solution in advance.

The preliminary check is entirely confidential. An investor provides only their passport.

Immigrant Invest has its own Compliance Department. Clients’ documents are checked by a certified Anti Money Laundering Officer who knows the nuances of Due Diligence procedures in different countries.

The preliminary Due Diligence lowers the risk of citizenship denial to 1%.

Pass a quick test and learn the nuances that can prevent you from obtaining a second citizenship

Pass a quick test and learn the nuances that can prevent you from obtaining a second citizenship
2 to 4 weeks Preparation of documents

Preparation of documents

2 to 4 weeks

Immigrant Invest lawyers provide the investor with a list of personal and financial documents required to participate in the program. When the documents are received, the lawyers prepare them for application: the documents are translated, copies are certified, and government forms are filled out.

Along with the preparation of documents Purchase of real estate

Purchase of real estate

Along with the preparation of documents

The Immigrant Invest real estate department selects properties that meet the investor’s requirements. For example, it can be an apartment for rent or purchase of property under construction. Our lawyers check the clean title to a property and the contract terms.

The investor chooses an object and makes an advance payment of $1,000 to $5,000. Then the contract of sale and purchase is signed and paid: it includes the total cost of the object minus the advance payment.

5 to 6 weeks Preparation of documents for real estate

Preparation of documents for real estate

5 to 6 weeks

Immigrant Invest lawyers help get a certificate of ownership and a VAT exemption of 0% per transaction. We also receive two conclusions: an assessment of the value of the object and a report on the compliance of real estate with the conditions of the Turkish citizenship program.

3 to 4 months Due Diligence

Due Diligence

3 to 4 months

We help obtain a residence permit in Turkey for participants in the citizenship program, and immediately after that, we submit an investor’s application for citizenship. The citizenship by investment unit conducts Due Diligence, which lasts 2 to 3 months. Specialists study the investors’ documents and check information about them and their families in international databases.

Due Diligence is the decisive stage of the program. The results of the check define whether the applicants will receive citizenship.

Learn more about Due Diligence

At least 2 days Getting a passport

Getting a passport

At least 2 days

After the approval of the application, the investor receives a passport. It is unnecessary to come to Turkey to get a passport: the document can be obtained at a Turkish embassy or a consulate in another country.

If the investor wants to get an ID card, it is necessary to submit fingerprints. Fingerprinting is usually organised at a Turkish embassy, or the investor can come to the country. The ID card will be ready in 2-3 weeks after fingerprinting.

 

Schedule a meeting

Let’s discuss the details

Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.

Evgeniya Morozova
Head of the Legal Department
Schedule a meeting
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Answers to frequently asked questions

Do you guarantee that I will get a Turkish passport by investment?

No one can guarantee that you will obtain citizenship by investment. Moreover, if a company claims a 100% guarantee, you probably deal with scammers.

Immigrant Invest has a Compliance Department. We conduct a preliminary check of applicants to identify the risk of rejection and find solutions to possible problems. Thanks to this, most of our clients successfully pass Due Diligence and get citizenship.

How to return the investment?

Choose the option with a purchase of the real estate. The property can be sold after 3 years, and the money returned.

As long as the investor owns the property, they can receive income from renting real estate. Some developers predict rental yield at 8% per annum in US dollars. The investor pays a capital gains tax of 35% on the rental income.

Do I need to come to Turkey to get a passport?

Turkish passports by investment are obtained remotely. The investor and their family members do not take language proficiency tests or history exams. There are no requirements to reside in Turkey.

What are the additional costs under the program?

In addition to the cost of real estate, the applicant pays state and notary fees and pays for the property examination. Related costs amount to about 5% of the property value.

Can I apply for Turkey citizenship by investment myself?

No, only a licensed program agent can apply on behalf of an investor by law.

Is it possible to obtain citizenship for the investor’s family members?

Together with the investor, their spouse and minor children under 18 years old can participate in the investment program. It is also possible to get a residence permit for parents of the investor or their spouse, as well as for children over 18 years old.

The fee for a residence permit under the investor program is $5,000 per person. One can apply for a residence permit simultaneously with the investor’s application for citizenship or after the investor has received a Turkish passport.

Schedule a meeting

Let’s discuss the details

Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.

Zlata Erlach
Caribbean Investment Program Expert
Schedule a meeting
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